Michael McGrath, Fianna Fáil’s finance spokesperson, has introduced legislation that will give borrowers the right to appeal a banks veto over a Personal Insolvency Arrangement. Fianna Fáils Personal Insolvency (Amendment) Bill 2017 has been drafted in response to a September decision from the Circuit Court that decided that the borrower has no such legal authority.…
Creditors owed more than $400,000 by Laurie Mains-owned Clan Construction Commercial Ltd have a big decision to make on Friday. Those owed money will have to decide whether to either accept 60c in the dollar owed or take their chances with Mr Mains liquidating the company. The former All Black and All Blacks coach has…
The Cherry Orchard apartments in Port Erin – A new management company is being formed to run the Cherry Orchard complex as a block of flats. Residents were given the news last week, but owner Robert Gillings assured them they need not worry about the future. A disagreement over charges at the complex led to…
NEW DELHI: The government will soon promulgate an ordinance to amend the Insolvency and Bankruptcy Code, aimed at tightening the current framework amid rising number of insolvency cases. The Cabinet on Wednesday approved bringing in an ordinance to make “some changes” in the Code, Corporate Affairs Minister Arun Jaitley said. The Code, which became operational…
DALLAS, Nov. 22, 2017 /PRNewswire/ — Top 10 Jungle, a leading provider of slick digital content and online product and service reviews, says, “Don’t Be A Debt Consolidation Turkey!” “If you are one of the many considering debt consolidation before the holidays, Top 10 Jungle has some advice for you,” says Benny Alvarez, Top 10 Jungle spokesman.…
PHILADELPHIA–(BUSINESS WIRE)–Radian Group Inc. (NYSE: RDN) today announced that it has completed the sale of Clayton EuroRisk, a provider of outsourced mortgage services in Europe, to a global investment firm. As a result, Radian no longer offers products and services for its Mortgage and Real Estate Services business in Europe. The sale of Clayton EuroRisk…
Chinese government-owned construction giant China Railway Construction Group’s first venture into Australia with local partner Brisbane-based construction company Rimfire Constructions has collapsed. The joint venture formed by the two parties, CRCG-Rimfire Pty Ltd which debuted in the Australian market exactly a year ago has been placed under voluntary administration. Grant Thornton is handling proceedings, with…
Trouble seems to be brewing for debt-ridden Jaiprakash Associates Limited as the Supreme Court on Wednesday ordered the company to payback all dues to homebuyers and warned its directors and promoters from alienating their properties as well as the assets of their family members. The real estate firm, however, deposited a demand draft of Rs…
New Delhi: The government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code, Corporate Affairs Minister Arun Jaitley said on Wednesday. The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry. File…
New Delhi, Nov 22: The Government will come out with an ordinance to make certain amendments to the Insolvency and Bankruptcy Code, Corporate Affairs Minister Arun Jaitley said today. The code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the Corporate Affairs Ministry.…